7 Important Facts That You Should Know About Rentals

1- Renting is a legally binding agreement between a tenant and a landlord, and both parties have specific rights and responsibilities.

2- Renters must pay a security deposit, which is held by the landlord to cover any damages or unpaid rent at the end of the lease.

3- Landlords are required to provide a safe and habitable living space for their tenants, and must make necessary repairs to maintain the property.

4- Renters must give proper notice before moving out of a rental property, typically 30 days in advance, to avoid any penalties or fees.

5- Renters may be subject to rent increases at the end of their lease, depending on the terms of their rental agreement.

6- Renters are responsible for paying their rent on time, and may face eviction if they do not fulfill their rental obligations.

7- Renters may be required to purchase renters insurance to protect their personal belongings in case of theft, damage, or natural disasters.

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